SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Acquires New Position in McDonald’s Corporation $MCD

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in McDonald’s Corporation (NYSE:MCD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 744 shares of the fast-food giant’s stock, valued at approximately $227,000.

Several other institutional investors also recently bought and sold shares of the stock. First American Trust FSB lifted its holdings in McDonald’s by 55.9% in the 1st quarter. First American Trust FSB now owns 36,917 shares of the fast-food giant’s stock worth $11,532,000 after buying an additional 13,234 shares during the period. Banque Transatlantique SA lifted its stake in McDonald’s by 58.0% in the first quarter. Banque Transatlantique SA now owns 248,826 shares of the fast-food giant’s stock worth $71,829,000 after acquiring an additional 91,313 shares during the period. Hamilton Capital LLC lifted its stake in McDonald’s by 35.2% in the first quarter. Hamilton Capital LLC now owns 3,145 shares of the fast-food giant’s stock worth $982,000 after acquiring an additional 819 shares during the period. Welch Group LLC raised its holdings in McDonald’s by 1.1% in the 2nd quarter. Welch Group LLC now owns 206,004 shares of the fast-food giant’s stock worth $60,188,000 after purchasing an additional 2,180 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of McDonald’s in the 1st quarter worth about $8,444,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MCD shares. Weiss Ratings reissued a “buy (b-)” rating on shares of McDonald’s in a research note on Friday, October 31st. BTIG Research restated a “neutral” rating on shares of McDonald’s in a research note on Friday, October 24th. Wells Fargo & Company lifted their price target on McDonald’s from $340.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Citigroup decreased their price objective on McDonald’s from $381.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Finally, Barclays dropped their target price on shares of McDonald’s from $362.00 to $358.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $324.57.

Insider Transactions at McDonald’s

In other news, insider Joseph M. Erlinger sold 3,195 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $305.82, for a total transaction of $977,094.90. Following the transaction, the insider directly owned 6,088 shares of the company’s stock, valued at $1,861,832.16. This represents a 34.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Edith Morgan Flatley sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $315.00, for a total value of $315,000.00. Following the sale, the chief marketing officer owned 6,858 shares of the company’s stock, valued at approximately $2,160,270. This trade represents a 12.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 17,329 shares of company stock worth $5,237,811 over the last three months. 0.25% of the stock is currently owned by company insiders.

McDonald’s Stock Performance

Shares of NYSE MCD opened at $302.50 on Thursday. The company has a market cap of $215.43 billion, a PE ratio of 25.92, a P/E/G ratio of 3.23 and a beta of 0.50. The firm’s 50 day moving average price is $302.98 and its 200-day moving average price is $304.41. McDonald’s Corporation has a 52-week low of $276.53 and a 52-week high of $326.32.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Wednesday, November 5th. The fast-food giant reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.11). McDonald’s had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the previous year, the firm earned $3.23 earnings per share. McDonald’s’s revenue was up 3.0% on a year-over-year basis. On average, analysts forecast that McDonald’s Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $1.86 per share. The ex-dividend date is Monday, December 1st. This represents a $7.44 annualized dividend and a yield of 2.5%. This is an increase from McDonald’s’s previous quarterly dividend of $1.77. McDonald’s’s dividend payout ratio (DPR) is currently 63.48%.

About McDonald’s

McDonald’s Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.